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News and Updates from CVSL

Chancellor Phillip Hammond announced significant changes to his 2017 Autumn Budget, a large amount of which will affect motorists around the country. Here are some of the highlights:

Fuel duty has been frozen for the 8th consecutive year in a row, saving the average driver a cumulative £850 by April 2019.

The Fuel Benefit Charge and Van Benefit Charge will increase by RPI from the 6th of April, 2018.

Existing diesel supplement in company car tax to rise by 1%

Sale of new diesel cars that don’t meet latest emissions standards will have a one-off tax increase from April. This would mean that a Ford Fiesta that currently not meet the standards will see a one off £20 rise and whilst vehicles in the top band such as a Porsche Cayenne would receive a £500 one off increase

£220m made available to local authorities in England to improve air quality in the most polluted areas

£400m has also been made available to improve plug-in vehicle charging infrastructure, with an extra £100m in plug-in-car grant £40m in charging R&D

HRMC will clarify the law for people who are charging their Electric Vehicles at work will not face a BIK charge from next year